Hi David,
Thanks for providing a clear explanation of the options, it was very helpful
for me.
Malcolm
> On 6/01/2020, at 9:32 PM, David Cousens wrote:
>
> Malcolm,
>
> As others have said you really need professional advice. It will depend upon
> your local legislation and how your business
I'm not an accountant by any means, so this might be bad advice. I will
tell you how I handle my personal and business accounts in one Gnucash
file. I have the usual set of accounts, Equity, Assets, Cash, Income,
Liabilities, and Opening Balance for my personal accounts. These have
the usual
Malcolm,
As others have said you really need professional advice. It will depend upon
your local legislation and how your business affairs are structured whether
you need to maintain separate books for your business activities or not.
What follows is an attempt to outline how GnuCash might be used
Malcolm,
If you're intent is to keep detailed tax records for your business, it is
probably better to keep those in separate files. Ask your accountant
about that.
For casual personal purposes, including managing bank account balances to
avoid overdraft s, it would be easier to have one data
You should speak to a local CPA concerning how to arrange your books. Depending
on your situation, you might be able to lump everything together, but you might
have to split your two businesses and personal finances, or you might have to
split everything.
This question is more aligned with acco
I want to use gnucash for tracking income and spending for my wife and I. I'd
like some rudimentary advice on setting up gnucash.
Our bank allows us to set up sub-accounts, so we have ended up with four
accounts: a cheque account which is used by both of us for day to day expenses;
a "web savi
